FY2022 Earnings Forecast for Dollar Tree, Inc. Issued By KeyCorp (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ:DLTR) – Equities research analysts at KeyCorp upped their FY2022 earnings estimates for shares of Dollar Tree in a research report issued to clients and investors on Tuesday, November 23rd. KeyCorp analyst B. Thomas now anticipates that the company will post earnings of $5.55 per share for the year, up from their prior forecast of $5.50. KeyCorp has a “Overweight” rating and a $116.00 price target on the stock. KeyCorp also issued estimates for Dollar Tree’s Q4 2022 earnings at $1.76 EPS and FY2023 earnings at $6.70 EPS.

Several other research firms have also recently weighed in on DLTR. Barclays increased their price objective on Dollar Tree from $100.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group increased their price objective on Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, November 15th. Telsey Advisory Group raised Dollar Tree from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $132.00 to $175.00 in a research report on Wednesday. TheStreet raised Dollar Tree from a “c+” rating to a “b-” rating in a research report on Friday, October 22nd. Finally, Piper Sandler upped their target price on Dollar Tree from $93.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Dollar Tree has a consensus rating of “Buy” and a consensus price target of $137.50.

DLTR opened at $146.61 on Thursday. Dollar Tree has a 1-year low of $84.26 and a 1-year high of $149.37. The company has a current ratio of 1.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $32.97 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.99 and a beta of 0.81. The business has a 50 day moving average of $105.89 and a 200-day moving average of $102.03.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Tuesday, November 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The firm had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Dollar Tree had a return on equity of 20.78% and a net margin of 5.78%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share.

Dollar Tree declared that its board has initiated a stock repurchase plan on Wednesday, September 29th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Dollar Tree news, insider William A. Old, Jr. sold 16,267 shares of the stock in a transaction on Monday, November 15th. The stock was sold at an average price of $125.46, for a total transaction of $2,040,857.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Dollar Tree by 45.0% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 977 shares of the company’s stock valued at $94,000 after buying an additional 303 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Dollar Tree in the third quarter valued at $585,000. Kentucky Retirement Systems increased its stake in shares of Dollar Tree by 1.3% in the third quarter. Kentucky Retirement Systems now owns 13,678 shares of the company’s stock valued at $1,309,000 after buying an additional 171 shares in the last quarter. Atria Investments LLC increased its stake in shares of Dollar Tree by 48.0% in the third quarter. Atria Investments LLC now owns 31,802 shares of the company’s stock valued at $3,044,000 after buying an additional 10,319 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Dollar Tree in the third quarter valued at $63,000. Institutional investors own 90.24% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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